Monday 27 December 2010

Dubai's Emaar, Saudi's Jadawel settle dispute - Bloomberg

The Dubai developer of the world's tallest tower Emaar Properties and Saudi real estate firm Jadawel International say they have agreed to settle their long-running legal dispute.

The companies said in a joint statement posted on Monday by Emaar on the Dubai Financial Market stock exchange that neither firm had any outstanding claims against the other following what they say was an "amicable settlement."

The statement did not provide details.

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